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Libertyville Road 2 Multifamily Properties Offered at $895,000 in Fairfield, IA
Executive Summary
This is a sale by owner with no debt. In great condition, remodeled 5 years ago. New exterior and all interiors are in first-class condition. Vinyl plank flooring throughout, granite countertops, and open floor plans. New private patios and green landscaping.100% occupancy for the 7 years that I owned it, with only two months when rent was not collected during a tenant transition. The location is Ideal near the hospital for convenient staff residence and near the major highway, 1.5 miles to the center of town. Ideal for 1031 Exchange. The owner will include the 3.3 R3-zoned adjacent property for future development.2065 1/2 Libertyville Road.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$103,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$103,000
|
| Taxes |
$9,762
|
| Operating Expenses |
$9,000
|
| Total Expenses |
$18,762
|
| Net Operating Income |
$84,238
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $103,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,000 |
| Taxes | |
|---|---|
| Annual | $9,762 |
| Operating Expenses | |
|---|---|
| Annual | $9,000 |
| Total Expenses | |
|---|---|
| Annual | $18,762 |
| Net Operating Income | |
|---|---|
| Annual | $84,238 |
Property Facts
| Price | $895,000 | Number of Properties | 2 |
| Price / SF | $102.87 / SF | Individually For Sale | 0 |
| Cap Rate | 9.41% | Total Building Size | 8,700 SF |
| Sale Type | Investment | Total Land Area | 0.76 AC |
| Status | Active |
| Price | $895,000 |
| Price / SF | $102.87 / SF |
| Cap Rate | 9.41% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,700 SF |
| Total Land Area | 0.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2067 Libertyville Rd, Fairfield, IA 52556 | Multifamily | 5,300 SF | 1989 | - |
| 2065 Libertyville Rd, Fairfield, IA 52556 | Multifamily | 3,400 SF | - | - |
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Kensington Park Apartments
Libertyville Road
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